Have a Tax Question? Ask a Tax Expert
Self employed consultants in fact may take relocation expenses. Please read the information at this link for self employed safer harbor requirements to qualify for the relocation benefits.
Here is a check list I put together for you:
You can read more about these at: http://www.irs.gov/pub/irs-pdf/p535.pdf
Home office: http://www.irs.gov/publications/p587/index.html
Thank you for gettting back to me.
For your trips, these can be for business expenses. But you have to apportion them between personal and business use.
the following publication will describe for you what expenses are considered business expenses and to what portion. for example:
50 percent of one meal a day, meals for clients.
lodging expenses and mileage, etc.
Regarding rent. The publication for which I gave you a link for home office expenses addresses rent. Assuming you have a dedicated office space in your home, then you determine the percentage of floor space of the office, and take that percentage of rent as a home office expense.
for example; Assume an 1800 square foot home. The office space is a 10 X 12 room, or 120 square feet. the formula for the home office rent expnese is: 120/1800 X rent.